Showing 1 - 10 of 23
Exim Bank offers cheap loans to halal exporters
Business, Wichit Chantanusornsiri, Published on 07/08/2024
» The Export-Import Bank of Thailand (Exim Bank) has teamed up with the Islamic Bank of Thailand (IBank) to offer loans with interest rates lower than the prime rate to support the goal of becoming Asean's halal hub by 2028.
IBank posts huge profit gain for 2023
Business, Wichit Chantanusornsiri, Published on 11/06/2024
» The Islamic Bank of Thailand (IBank) reported a 1,553% increase in net profit last year compared with 2022.
IBank finally flourishes
Business, Wichit Chantanusornsiri, Published on 02/03/2024
» Over the past two decades, the Islamic Bank of Thailand (IBank) has faced numerous challenges in becoming the sole financial institution in the country to provide sharia-compliant financial services in accordance with Islamic principles, says president Thaweelap Rittapirom.
Tapping a vast market
Business, Wichit Chantanusornsiri, Published on 12/02/2024
» The restoration of diplomatic relations between Thailand and Saudi Arabia in 2022 following a 30-year break has created new opportunities for Thailand to tap into demand for its halal products in Middle Eastern markets.
IBank targets fewer NPLs
Business, Wichit Chantanusornsiri, Published on 25/04/2023
» The Islamic Bank of Thailand (IBank) aims to reduce its non-performing loans (NPLs) to 8 billion baht this year, from the current level of 13 billion baht, by helping its major corporate customers restructure their debt, says the bank's president Thaweelap Rittapirom.
Making Thai gems and jewellery shine again
Asia focus, Thaweelap Rittapirom, Published on 30/08/2021
» Thailand's gems and jewellery industry, like many others, has been battered by the Covid-19 pandemic.
Asia's climate efforts at a crossroads
Asia focus, Thaweelap Rittapirom, Published on 16/08/2021
» Asean nations that are parties to the Paris Climate Agreement are touting plans to increase renewable energy generation, but governments in Asia need to do more, faster, to mitigate climate change.
Bank of Japan gives green finance a boost
Asia focus, Thaweelap Rittapirom, Published on 02/08/2021
» The Japanese central bank recently announced a series of incentives for climate-linked loans and investments, to help financial institutions address climate change issues.
China's rising wealth and market power
Asia focus, Thaweelap Rittapirom, Published on 26/07/2021
» China has massive household wealth, but its people currently face many restrictions on how they can invest it. There are currently more than 2 million high-net-worth individuals in the country -- those with more than US$1 million in investable assets -- and this number is expected to rise sharply over the next few years. China already has the world's largest wealth management sector, with more than $15 trillion in assets under management.
Thailand and Indonesia get serious about plastic
Asia focus, Thaweelap Rittapirom, Published on 19/07/2021
» Southeast Asia is one of the biggest sources of plastic waste thanks to rapid urbanisation and a growing middle class, whose consumption of plastic products is continuously rising due to increasing purchasing power and desire for convenience.